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Over-50s could be forced to pay £300 a year more in national insurance under senior Tory's plan


People over the age of 50 could be forced to pay more than £300 more in national insurance each year in to fund social care, under plans that have been branded a tax on getting old by Labour. Senior Tory MP Damian Green has proposed a major shake-up to funding for care, arguing that it should follow the state pension model where everyone is entitled to basic support but individuals top up the pot through their own savings. The former cabinet minister, who was given the task of drawing up the long-awaited green paper on social care for England when he was in government, suggested a 1 per cent rise in national insurance for the over 50s as a last resort to fill the £2.75bn funding gap in the system.

The Independent - April 29, 2019

View the full story here: https://www.independent.co.uk/news/uk/politics/social-care-nhs-damian-green-national-insurance-hike-tory-a8890236.html